Nasdaq Announces ESG Reporting Technology Solution
January 22 2020 - 4:00AM
Nasdaq, Inc. (Nasdaq: NDAQ) announced today it will offer corporate
clients an environmental, social, and governance (ESG) workflow and
reporting service. The platform seeks to help companies navigate
the complex series of corporate sustainability frameworks available
in the market today, streamlining the data gathering and response
process to provide a more efficient way to send ESG-related data to
ratings agencies and other stakeholders.
Sustainability reporting frameworks supported by the platform
will include the Global Reporting Initiative (GRI), ISS, MSCI,
RobecoSAM, the Sustainability Accounting Standards Board (SASB),
Sustainalytics, and the Task Force on Climate-related Financial
Disclosures (TCFD), among others.
“Our clients face several challenges with the ESG reporting
process, including the lack of control over data management and
survey fatigue due to the variety of raters and reporting
frameworks,” said Nelson Griggs, President of the Nasdaq
Stock Exchange. “We believe that we are uniquely
positioned to solve for these challenges given the thousands of
clients who rely on Nasdaq for counsel on a range of sustainability
and governance-related issues. The new platform will broaden our
strategic collaboration with corporates who are seeking new ways to
bring efficiency and simplicity to the ESG reporting process.”
The new platform further builds on Nasdaq’s ESG-related products
and services offered to corporate clients. These include Nasdaq’s
ESG Advisory Solution to help companies analyze, assess and
implement ESG programs with the goal of attracting long-term
capital; Nasdaq Boardvantage®, a collaboration solution for boards,
committees and leadership teams designed to facilitate paperless
modern governance; the Center for Board Excellence, which provides
board evaluations and other consultative services designed to
advance governance excellence; the Nasdaq Nordic Green Bond Market,
one of Europe’s most active Sustainable Debt markets; the Nasdaq
Sustainable Bond Network, designed to improve transparency
for global green, social and sustainable bonds; and Nasdaq’s
global ESG Reporting Guide.
In 2019, Nasdaq achieved a number of significant ESG milestones
for its work with clients, as well as within its own global
operations. Examples include continued investor demand in its ESG
screened Index and Index Futures in Europe; further advancements in
its European ESG data offering for institutional and retail
investors; and achieving carbon neutrality across all its business
operations through the purchase of carbon offsets and renewable
energy certificates.
For more information, please visit
www.nasdaq.com/solutions/sustainability-reporting and
www.nasdaq.com/solutions/esg-products.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the
capital markets and other industries. Our diverse offering of data,
analytics, software and services enables clients to optimize and
execute their business vision with confidence. To learn more about
the company, technology solutions and career opportunities, visit
us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements, within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements with respect to Nasdaq’s new ESG
reporting platform and the benefits of the offering, and statements
about Nasdaq and its other ESG related products and services. We
caution that these statements are not guarantees of future
performance. Actual results may differ materially from those
expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors beyond Nasdaq's control. These factors include,
but are not limited to factors detailed in Nasdaq's annual report
on Form 10-K, and periodic reports filed with the U.S. Securities
and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
Nasdaq Media Contacts:
Will Briganti (U.S.) (646)
964-8169william.briganti@nasdaq.com
Erik Granström (Europe) +46 8 405 78
07erik.granstrom@nasdaq.com
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